Crypto Won — So Why Does It Feel Like It Lost?

Crypto got everything it asked for: institutional adoption, ETFs, regulation, and mainstream legitimacy. So why does it feel… boring? We debate whether institutions capped crypto’s upside, why retail hasn’t come back, how crypto lost its cultural edge, and whether the industry is quietly becoming financial plumbing rather than a speculative frontier. This episode explores whether crypto’s success created its biggest problem yet.